Core Viewpoint - Yoshinoya Holdings aims to expand its ramen business significantly, targeting a fourfold increase in store numbers to 500 by FY2029, as a new pillar of growth due to limited expansion opportunities in its core beef bowl business [1][2]. Group 1: Business Strategy - The company plans to increase consolidated sales by 46% to 300 billion yen by FY2029, with operating profit projected to rise 2.1 times to 15 billion yen [1]. - Ramen sales are expected to grow fivefold to 40 billion yen, increasing its share of total sales from 4% to 13% [1][2]. - Yoshinoya Holdings has been actively pursuing acquisitions to expand its ramen store network, with a focus on both domestic and international markets [2]. Group 2: Market Position and Pricing - The price of the beef bowl has been raised from 696 yen to 740 yen due to rising raw material costs, while the normal portion remains at 498 yen to remain competitive [3]. - Ramen can be priced around 1,000 yen, which is higher than the beef bowl, providing greater revenue potential [3]. - The company sees ramen as having a broader menu range and easier market penetration in regions where rice is less popular [3]. Group 3: Production and Supply Chain - Yoshinoya Holdings plans to invest 40 billion yen in acquisitions over the next five years, primarily targeting the ramen business and its supply chain [2][5]. - The company aims to enhance production capacity by 50% and storage capacity by 100% by 2027 through acquisitions [5]. - The focus will also include developing halal products for the soup base to cater to diverse markets [5]. Group 4: Competitive Landscape - The ramen market is competitive, with other Japanese companies like Ippudo and Ajisen Ramen also expanding internationally [5][6]. - Yoshinoya Holdings intends to leverage its experience in food ingredient management and noodle production to differentiate itself in the ramen market [6].

计划在加拿大建设的纯电动汽车和电池工厂将推迟2年。原计划投资150亿加元，于2028年投 入运营，此次表示推迟到2030年以后。是否重启投资，将根据两年后的情况做出决定。 本田社长三部敏宏（20日、东京都港区） 原计划到2030年度投资10万亿日元用于EV和软件开发，此次表示大幅减少3成，降至7万亿 日元…… 本田于5月20日宣布，将调整纯电动汽车（EV）战略。原计划到2030年度投资10万亿日元用 于纯电动汽车和软件开发，此次表示要大幅减少3成，降至7万亿日元。美国特朗普政府正在 推出重估纯电动汽车支持方案的方针。本田认为，纯电动汽车的普及比预期要慢，巨额投资 存在风险。 本田的社长三部敏宏表示，将修正截至2030年的纯电动汽车在汽车销量中所占的比例，预计 从此前的40%调整到30%以下。本田原本提出了2030年销量超过200万辆的目标，此次大幅 缩减至70~75万辆规模（以销量为准）。 三部社长表示"向纯电动汽车转型的刹车已经踩下"。还强调称"将打造兼顾面向未来的准备和 提高盈利能力的汽车业务，同时结合摩托车业务的强大盈利能力，在不透明的情况下继续追 求增长"。 版权声明：日本经济新闻社版权所有，未经授权 ...

Core Viewpoint - Japan is positioning nuclear fusion power as a key component of its energy strategy, aiming for verification in the 2030s to enhance industrial competitiveness and economic security [1][4][5]. Group 1: Government Strategy - The Japanese government plans to revise the "Fusion Energy Innovation Strategy" to explicitly state its goal of leading global verification efforts in nuclear fusion by the 2030s [3]. - A special task force will be established within the Cabinet Office to address legal, budgetary, and talent development issues related to nuclear fusion technology [4]. - The government aims to promote international standardization in collaboration with private enterprises, which could facilitate market expansion for Japanese companies [4][5]. Group 2: Technological Development - Nuclear fusion is considered a safer alternative to current nuclear power, with lower radioactive waste and no greenhouse gas emissions, making it an "ideal energy" source [1][4]. - Japan plans to allocate 10 billion yen in the 2024 budget to enhance experimental facilities across three institutions, including the National Institute for Fusion Science and the Quantum Science and Technology Research and Development Agency [4]. - The establishment of the "J-Fusion" consortium in 2024, involving over 80 companies, aims to accelerate the development of nuclear fusion technology [6]. Group 3: Global Context and Competition - Japan's focus on nuclear fusion aligns with similar goals from the US and China, both targeting verification in the 2030s, while the UK aims for verification by 2040 [5]. - The ITER project, a collaborative international nuclear fusion experiment, has faced delays, pushing its operational target to 2034, prompting Japan to expedite its own fusion power initiatives [6].

Core Viewpoint - Toyota is restructuring its electric vehicle (EV) strategy in the U.S. market, planning to expand its EV lineup from 2 to 5 models by 2025, while adopting a unique branding strategy for the American market [1][3][4]. Group 1: Expansion of EV Lineup - Currently, Toyota sells only 2 EV models in the U.S., but plans to double this number to 5 by 2025, including improvements to existing models [3][4]. - The new models will be branded as "bZ" in the U.S., differing from the names used in Japan and Europe, to enhance market recognition and marketing effectiveness [3][4]. Group 2: New Model Launches - The "bZ Woodland," a four-wheel-drive EV developed in collaboration with Subaru, will be launched in the U.S. in 2026, targeting the long-distance off-road driving market [4]. - Additionally, a small SUV EV model "C-HR" will be introduced, along with 2 new EVs under the luxury brand Lexus starting in the second half of 2025 [4]. Group 3: Technological Enhancements - The new EVs will feature advanced lithium-ion batteries, with a range improvement of up to 25%, and enhanced charging convenience, including compatibility with Tesla's charging standard [4][6]. - Fast charging capabilities will allow the battery to charge from 10% to 80% in just 30 minutes [4]. Group 4: Market Context and Competition - The U.S. EV market is currently growing slowly, with EVs accounting for only 8% of new car sales, despite previous government plans to increase this to 50% by 2030 [6]. - Tesla's market share has declined from 80% to below 50%, creating opportunities for other automakers like Toyota [6]. Group 5: Local Production Challenges - Currently, Toyota does not produce EVs in the U.S., with plans to start local production only after 2026, which raises concerns about tariffs and supply chain risks [7]. - The company aims to develop products suitable for local consumers and establish local production, including battery manufacturing in North Carolina [7].

Core Viewpoint - Japan's Nippon Steel is pushing for the acquisition of U.S. Steel by proposing a significant increase in investment, contingent upon approval from the Trump administration [1][2] Group 1: Acquisition Plans - Nippon Steel has proposed a production-related investment of up to $14 billion (approximately 2 trillion yen) to enhance U.S. Steel's domestic capacity, including a new steel plant with a maximum investment of $4 billion [2] - The investment plan aims to inject $11 billion before 2028, which was not part of the initial acquisition strategy [2] - The U.S. government, through the Committee on Foreign Investment in the United States (CFIUS), is reviewing the acquisition for national security concerns, with a deadline for the review set for May 21 [1] Group 2: Strategic Intent - Nippon Steel's executives emphasize that significant investment is necessary to revive U.S. manufacturing, aligning with Trump's tariff policies [1] - The company insists that it cannot make substantial investments unless it becomes a 100% subsidiary of U.S. Steel, indicating a strong commitment to the acquisition [1]

编者荐语： 日经中文网"开设了"日经BP精选"栏目。日经BP是日本经济新闻社媒体集团的一员，成立于1969年。作 为日本领先的B2B媒体公司，聚焦经营管理、专业技术及生活时尚三大主要领域。敬请读者关注。 以下文章来源于日经BP ，作者日经BP 日经BP . 日经BP成立于1969年4月, 隶属于日本经济新闻社集团。作为日本领先的B2B媒体公司，我们聚焦"经营 管理"、"专业技术"及"生活时尚"三大主要领域，满足客户多元化的需求。 图片：日经Automotive 在中国市场，日本汽车厂商持续处于苦战状态。抢夺市场份额的是以新能源车（ NEV ）为 优势的中国厂商。为了查明实际情况，在美国调查公司标普全球汽车（ S&P Global Mobility ）的协助下，日经 Automotive 获取并分析了中国市场的约 2 亿辆汽车销售数据。结果 显示，无论是在日本厂商内部还是在中国厂商内部，销量差距都在拉大。 "下滑速度比预想的要快"，本田代表执行董事副社长青山真二在2024年11月被问及中国市场的销量下滑 问题时如此回答。2024年4～12月该公司在华销量同比下降了30％以上。在中国市场的艰难处境并非本 田一家的 ...

华为的新款电脑，整个机身可当屏幕（图片来自华为的SNS） 此次的产品将于6月6日上市。其中一款机型"MateBook Fold"展开机身后，18英寸的整个表面会变成 OLED屏。打开后放置在桌面上，下半部分屏幕会显示键盘。还可以使用外置键盘，将整个机身作为显 示器使用。价格为2万3999元起。 新产品配备华为自己的OS"鸿蒙（Harmony）"，文字处理及表格计算等可使用中国的办公软件"WPS Office"。据悉"微信"APP目前正在进行适配调整。 在19日举行的发布会上，华为常务董事余承东表示，"多年来，在电脑操作系统领域，Windows和 macOS形成了强大的壁垒，但是我们坚持做难而正确的事情，鸿蒙电脑给世界多一个选择！" 华为此前一直采用美国英特尔的半导体，但据部分中国媒体报道称，此次的半导体也为该公司自主开 发。虽然发布会未进行说明，但余承东表示，屏幕和半导体均采用全新技术，成本非常高。 日本经济新闻（中文版：日经中文网）藤野逸郎 广州 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 据部分中国媒体报道称，此次的半导体也为华为自主开发，不再是以往的英特尔半导体。华为常务董 ...

Core Viewpoint - Toyota is enhancing consumer choice and revenue by allowing post-installation of advanced safety features in vehicles, starting with new models launched after fall 2025 [1][2]. Group 1: Post-Installation Features - Consumers can pay extra to install advanced safety devices after vehicle delivery, increasing options and revenue per vehicle [1]. - The new models will support this practice, addressing the shrinking domestic market in Japan due to population decline [1]. Group 2: Comparison with Competitors - Tesla, as a software-defined vehicle (SDV) provider, offers paid updates for autonomous driving features, which Toyota aims to emulate while also enhancing hardware capabilities [1]. Group 3: Types of Optional Features - There are two types of optional features in Japanese cars: manufacturer-installed options and dealer-installed options, with the former being limited to new vehicles due to electrical system considerations [1]. Group 4: Future Upgrades - Toyota plans to allow post-installation of systems that utilize high-performance cameras and radar for obstacle detection, with designs accommodating future upgrades [1].

美国知名投资家巴菲特（左）、大卫·泰珀（中）、索罗斯（右）（Reuters） 1～3月是长期低迷的中国股票，尤其是高科技股迎来重估性买入的时期，美国纳斯达克的中国金龙指数 截至3月下半月比年初上涨了24%。然而就在这一时期，美国的知名投资家们却纷纷减持中国概念 股…… 在低成本生成式AI（人工智能）的DeepSeek崛起推动中国高科技股受到重新评估的1～3月，美国知名 投资家却降低了持有比例。这被认为着眼于美国特朗普政府上台导致的中美贸易摩擦激化，在高点区域 进行了获利抛售。 日本经济新闻（中文版：日经中文网）对最近出炉的截至2025年3月末的"Form 13F"进行了分析。在美 国，持有总额超过1亿美元股票的投资者必须按季度向美国证券交易委员会（SEC）申报以美国上市股 票为中心的持股情况。 与2024年12月底的持股相比，抛售中国概念股的倾向明显。 大卫·泰珀率领的阿帕卢萨管理公司（Appaloosa）将持有的百度的美国存托凭证（ADR）减持了约5 成。在电子商务领域，将运营"Temu"的拼多多控股公司、京东集团和阿里巴巴集团分别减持了20%左 右。 著名投资家乔治·索罗斯家族管理的索罗斯基金管理公司也将 ...

其他有色金属也同样如此。作为不锈钢和纯电动汽车（EV）电池材料的镍在4月上旬经历了急 跌，但目前价格仍高于年初水平，表现稳健。 2025年预计铜会出现供应过剩（REUTERS） 由于对中美贸易摩擦的警惕感减退，近期市场开始出现重新买入铜、镍等有色金属的动向。 然而市场普遍预测2025年供应过剩的幅度将扩大。有预测显示，2025年铜供应过剩28.9万 吨，镍供应过剩19.8万吨，锌…… 由于对中美贸易摩擦的警惕感减退，近期市场开始出现重新买入铜、镍等有色金属的动向。 然而关于2025年的供需情况，市场普遍预测供应过剩的幅度将扩大，这被视为影响市场行情 的因素。 有色金属市场因美国总统特朗普的言行持续波动。作为铜的国际指标，伦敦金属交易所 （LME）3个月期货在4月上旬因特朗普宣布对等关税而急跌至每吨近8000美元。随后，把快 速降价视为良机的投资者纷纷买入，价格上升趋势明显。 中美两国政府于5月12日达成协议，把互相征收的附加关税降低115%。中美贸易摩擦加剧导 致中国经济放缓的担忧减退。中国占到全球铜消费的约6成，市场更易出现买入潮。目前铜价 已回升到每吨9500美元附近，接近对等关税公布前的水平。 锌矿的产 ...